So i am short cable, the whole day i am shorting the maket, it starts off well, any strength and i am in with a line of shorts, i am convinved the market is goin to hit the V levels in the 8700's. My experience and the price action suggests cable will make new lows but suddenly it stats turning sour, the market starts making higher lows and I ignore my rules, the discipline is out of the window, i start averaging, something i have not done for 2 years. I watch the afternoon rally in disbelief, this not meant to happen, I am telling myself, the market is wrong, but we all know the marker cannot be wrong, i finally bite the bullet, my end P+L is very much in the negative. I walk away in utter disbelief, kicking myself for getting it so wrong but most of all for letting months of ingrained discipline just wash away.
Now I am back infront of the screen with a wry smile on my face, the V levels hit and the anticipated lows made.
Its a very fine line that divides success and failure I philosophise and I am slowly but surely getting closer.
Darktone summed it up in one sentance....theres only one enemy!.. its right there staring at you in the mirror every morning!.
